3. What is a Forex Spread? TriumphFX Forex Educational Series

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A spread is essentially the difference between the ask and the bid price.

The ‘bid’ is the price at which the market is willing to buy the base currency, while the ‘ask’ is the price at which the market is willing to sell the base currency in exchange for the quote currency (USD).

For example, the AUD/USD is currently priced at 0.80413/0.80419 (Bid/Ask). Thus, 0.80419 – 0.80413 = 0.00006 or 0.6 pips.